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Informist, Friday, Jun. 5, 2026

--RBI Malhotra: NRI, OCI invest limits without SEBI registration being raised 

--RBI Malhotra: To give 3-5 yr FCNR B deposit window to banks till Sept 30 
 

NEW DELHI – Several policy initiatives are expected to strengthen India's balance of payments, Governor Sanjay Malhotra said Friday after the Monetary Policy Committee's second bi-monthly meeting of 2026-27 (Apr-Mar). These included recent trade agreements with major trade partners, opening the insurance sector to 100% foreign direct investment, the ethanol blending programme, the push for energy transition, easing of FDI norms for bordering countries, liberalisation of the external commercial borrowings framework, and other measures.

"While these measures are expected to strengthen our balance of payments, we will continue to make the right policy adjustments to further promote exports and attract and incentivise capital inflows," Malhotra said. 

To attract foreign capital, the RBI governor announced that the investment limits for non-resident Indian and overseas citizens of India in equity instruments traded on the stock market without Securities and Exchange Board of India registration have been increased. The same facility will now also be extended to all individual persons resident outside India on a par with NRIs and overseas citizens of India. 

For external commercial borrowings, public sector undertakings will get a concessional forex swap facility till Sept. 30. Authorised dealer banks will also get full hedging cost cover till Sept. 30 for fresh three-five year foreign currency non-resident (Bank) deposits. RBI also proposed to restore the time for realisation of export proceeds to nine months.  End

US$1 = INR 95.32

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Vaishali Tyagi

Edited by Akul Nishant Akhoury

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